IV is elevated. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 95.7% — elevated vs history
IV/HV 0.97x — IV ≤ HV
Sector percentile 96% — above sector median
Front/Back 1.13x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 112.7% — crisis-level IV
Effective IV 149.5% (ATM 112.7% + spread 18.4% + bias) — expensive
Total drag 24.47% (spread 18.42% + slippage 6.05%) — high friction
Vega efficiency 5.18 (vega 9.539 / spread 18.42%) — acceptable
Bullish or bearish?
Analyzes
Conviction-weighted: -49% (strong bearish) — Raw: -40%
|OI skew| 50.0% — call-heavy
Vol skew +57.3%, OI skew +50.0% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -33%, ATM: -89%, OTM: -34% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 34% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.1x avg — normal
Vol/OI 0.8% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +17.7% (5d) — building
Sector activity percentile 32% — below sector avg
Large trade volume 0% — mostly retail
Aggressive execution 28% — patient
Conviction -49 (bearish) — moderate
Can I trade efficiently?
Evaluates
Spread 18.4% — wide
OI 60,349 — deep
Volume 506/day — adequate
$0.92 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 97% — much wider than sector
Depth 395.1 contracts (bid:158.3 ask:236.8) — adequate
Avg slippage 6.05% — poor
Is now a good time?
Considers earnings proximity,
Slope +13.4% — backwardation
IV percentile 96% — seller opportunity
IV kink 14.0pts — event priced
θ/ν ratio 220.80 — favors income trades
4 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow -49% @ 75% consistency — STRONG directional (bearish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.